quote:

Job fears grip voters as Obama ratings crumble

WASHINGTON (Reuters) – More Americans now disapprove of President Barack Obama than approve of him as high unemployment and government spending scare voters ahead of November's midterm elections, Reuters/Ipsos poll found on Tuesday.

In the latest grim news for Obama's Democrats, 72 percent of people said they were very worried about joblessness and 67 percent were very concerned about government spending. The unemployment rate of 9.5 percent and the huge budget deficit are dragging down the Democrats and eating away at Obama's popularity only 20 months after he took office on a wave of hope that he could turnaround the economy.

Another bit of bad economic data arrived on Tuesday when the National Association of Realtors reported sales of existing homes plummeted in July to their slowest pace in 15 years. Piling the pressure on Obama, the top Republican in the House of Representatives called on the administration's economic team to quit...
House Republican leader John Boehner called for a fresh start on the economy. In a campaign-style speech, he urged Obama's top economic advisers to resign, saying, "It's time to put grown-ups in charge."

http://news.yahoo.com/s/nm/20100824/ts_nm/us_usa_elections

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Stocks drop after sharp fall in July home sales



NEW YORK – Stocks fell for a fourth day after another disappointing report on housing deepened worries that the economic recovery could be fading. Bond yields fell as investors sought out more stable investments.

The Dow Jones industrial average lost 134 points Tuesday following news that sales of previously occupied homes fell last month to their lowest level in 15 years. The 27 percent drop in home sales from the previous month was the biggest since record-keeping began in 1968.

The Dow dipped briefly below 10,000 for the first time in seven weeks and has now lost 375 points since its four-day slump began. The yield on the two-year Treasury note reached another record low as cautious investors piled back into the bond market.

The National Association of Realtors said sales of previously occupied homes plunged in July to an annual rate of 3.83 million, much worse than the 4.7 million estimate from economists polled by Thomson Reuters.


http://news.yahoo.com/s/ap/20100824/ap_on_bi_st_ma_re/us_wall_street

quote:

Of course those paying attention already knew that. Even the White House's own Medicare Actuary has acknowledged that ObamaCare will increase, not reduce, the amount the nation spends on health care over the law's first 10 years. Optimistic projections beyond the 10 year window "may be unrealistic," the Actuary stated (pdf).

Not only will the bill raise the amount the nation as a whole spends on health care, it will also raise individual Americans' insurance premiums, according to the Congressional Budget Office. Senate Democratic Whip Dick Durbin concurred with that assessment.

Neither will the law reduce the federal deficit. Once one strips away all of the accounting tricks and budgetary gimmicks, one finds, in the words of the former CBO director Douglas Holtz-Eakin, "The health care reform legislation would raise, not lower, federal deficits, by $562 billion."



Read more: http://www.newsbusters.org/blogs/lachlan-markay/2010/08/24/media-nearly-silent-obamacare-proponents-drop-deficit-cost-savings-c#ixzz0xcre94nc

quote:

ORIGINAL: mnottertail

Actually, if we could get single payer thru the government, many many problems would be solved.

There are a few things the government is way better at than corporations.

quote:

ORIGINAL: Sanity


Its Bushs fault you know.Ask Obama and he will tell you.

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ORIGINAL: Sanity


Not even close mnot:

quote:

ORIGINAL: mnottertail

Actually, if we could get single payer thru the government, many many problems would be solved.

There are a few things the government is way better at than corporations.